Trustco Bank Corp N Y Decreases Stake in Johnson Controls International plc (NYSE:JCI)

Trustco Bank Corp N Y lessened its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,328 shares of the company’s stock after selling 167 shares during the quarter. Trustco Bank Corp N Y’s holdings in Johnson Controls International were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JCI. Compass Financial Services Inc purchased a new position in Johnson Controls International during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International during the 4th quarter valued at about $29,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International during the 4th quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new position in Johnson Controls International during the 4th quarter valued at about $42,000. Finally, Gables Capital Management Inc. grew its holdings in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock valued at $46,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. Wells Fargo & Company lifted their price target on Johnson Controls International from $82.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a “hold” rating to a “buy” rating and lifted their price target for the company from $101.00 to $112.00 in a research report on Monday, May 12th. Citigroup dropped their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Oppenheimer lifted their price target on Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $95.35.

Insider Buying and Selling

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the sale, the director now owns 904,305 shares in the company, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $86.91, for a total value of $123,586.02. Following the sale, the vice president now directly owns 144,704 shares of the company’s stock, valued at approximately $12,576,224.64. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,396 shares of company stock worth $38,645,569 in the last quarter. 0.54% of the stock is owned by insiders.

Johnson Controls International Stock Performance

NYSE:JCI opened at $97.89 on Monday. The business has a 50 day moving average of $82.31 and a 200 day moving average of $82.33. The company has a market capitalization of $64.42 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $97.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. Johnson Controls International’s payout ratio is 39.47%.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.